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Feb 16, 2013 6:30am PST
don't sit around and the government says build this line from here to here, people run around and go nuts and build four railroad lines and four telegraph lines and they all go bankrupt. but then someone picks up the pieces, takes that infrastructure and does something with it. when the infrastructure companies went bust, we built the web 2.0 on top of that. when we're not developing any new way of building housing, the benefits are much less. >> is the fed creating a bubble? >> i think there is a certain excess in, i would say, corporate debt. consumers have done a great job deleveraging. they've learned their lesson. but companies are able to issue debt. good companies and bad companies, at very low interest rates and they're doing an awful lot of it. >> stephen moore, conservatives tell me sometimes they're very concerned about all the money the fed is printing and that they're throwing out the window into the economy. >> right. >> and we are sosowing the seed of the next bubble. >> that's right. government debt, the interest rates are as low today as they've been any time since t
Search Results 0 to 1 of about 2 (some duplicates have been removed)